Hawaii Natural Energy Institute awards contract for energy storage system

Reno, Nev., January 28, 2011 — Altair Nanotechnologies, Inc. won a firm contract with the Hawai'i Natural Energy Institute of the University of Hawai'i at Manoa to supply a 1 MW ALTI-ESS energy storage system for a test of wind energy integration.

The energy storage system will be installed at the Hawai'i wind farm on the island of Hawai'i and connected to the Hawai'i Electric Light Co. utility grid.

The equipment purchase and associated service contracts, valued at about $1.8 million dollars, require Altairnano to build, ship, install and commission its ALTI-ESS advanced energy storage system, and provide technical support and system monitoring and reporting over a period of three years. The project is expected to be operational by the third quarter of 2011.

The research project, funded through a grant from the Office of Naval Research, is designed to test the performance characteristics of the battery system and to demonstrate the effectiveness of battery storage technology to integrate wind energy into an electric grid.

The test is expected to demonstrate solutions for integration of greater levels of renewable energy onto the grid, improving capacity utilization, and reducing dependency on fossil-fuel power generation while maintaining grid performance and reliability.

Altairnano technology was selected for this project based on its unique values of long cycle life and very rapid charge and discharge capabilities that allow it to improve overall electric grid reliability while integrating renewable energy sources.

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